Based on the current chart analysis, ORCA/USDT is at the edge of a symmetrical triangle, signaling a high probability of an imminent breakout. This setup is commonly followed by a sharp upward movement in price.
🔍 Key Observations:
MACD is close to a bullish crossover, indicating rising buying momentum.
The price is consistently respecting the ascending support line.
It is nearing a breakout above the EMA resistance (around $3.50).
Volume is showing signs of increase, which often precedes a breakout.
🎯 Target Levels:
First Target: $4.17
Second Target: $6.42
Third Target: $7.79
📈 Trade Plan:
Entry: Around $3.50 (enter as soon as breakout is confirmed)
Stop Loss: $3.15 (just below the triangle support)
Target 1: $4.17 (with excellent risk/reward)
Time Frame: Expect breakout within the next 90 minutes